Equities research analysts predict that Lonestar Resources US Inc. (NASDAQ:LONE) will report sales of $30.61 million for the current quarter, Zacks reports. Four analysts have provided estimates for Lonestar Resources US’s earnings, with the highest sales estimate coming in at $31.70 million and the lowest estimate coming in at $29.94 million. Lonestar Resources US reported sales of $13.44 million during the same quarter last year, which indicates a positive year-over-year growth rate of 127.8%. The firm is expected to announce its next quarterly earnings report on Thursday, March 22nd.
On average, analysts expect that Lonestar Resources US will report full year sales of $30.61 million for the current fiscal year, with estimates ranging from $92.57 million to $94.30 million. For the next year, analysts expect that the company will report sales of $152.50 million per share, with estimates ranging from $149.12 million to $154.80 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Lonestar Resources US.
A number of analysts have recently weighed in on the company. B. Riley assumed coverage on Lonestar Resources US in a research report on Monday, February 5th. They issued a “buy” rating and a $7.75 price objective for the company. Cowen set a $8.00 price objective on Lonestar Resources US and gave the stock a “buy” rating in a research report on Thursday, January 11th. ValuEngine cut Lonestar Resources US from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Northland Securities set a $7.00 target price on Lonestar Resources US and gave the stock a “buy” rating in a research note on Monday, December 11th. Finally, Zacks Investment Research lowered Lonestar Resources US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $7.88.
Shares of Lonestar Resources US stock opened at $4.13 on Thursday. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $82.71, a price-to-earnings ratio of -0.50 and a beta of 0.44. Lonestar Resources US has a 52-week low of $2.43 and a 52-week high of $5.64.
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Lonestar Resources US by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 348,999 shares of the energy company’s stock worth $1,500,000 after acquiring an additional 5,372 shares during the last quarter. Deutsche Bank AG raised its stake in Lonestar Resources US by 106.8% in the 4th quarter. Deutsche Bank AG now owns 97,600 shares of the energy company’s stock worth $387,000 after acquiring an additional 50,404 shares during the last quarter. Renaissance Technologies LLC raised its stake in Lonestar Resources US by 113.6% in the 4th quarter. Renaissance Technologies LLC now owns 107,500 shares of the energy company’s stock worth $427,000 after acquiring an additional 57,171 shares during the last quarter. CAPROCK Group Inc. purchased a new position in Lonestar Resources US in the 4th quarter worth $298,000. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in Lonestar Resources US by 29.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 333,993 shares of the energy company’s stock worth $1,172,000 after acquiring an additional 75,400 shares during the last quarter. Institutional investors own 52.47% of the company’s stock.
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Lonestar Resources US Company Profile
Lonestar Resources Limited is an Australia-based oil and gas exploration and production company. The Company is involved in the exploration, production and acquisition of unconventional oil and gas reserves. It holds interests in approximately 38,191 net acres in the Eagle Ford Shale, Bakken and Three Forks plays.
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